The Social Security Trust Funds Are Projected to Fail the Trustees Test of Short Range Financial Adequacy

Short range results from 20 21 to 20 30, under the trustees intermediate assumptions, social securitye's total cost is projected to be higher than its total income in 20 21. The combined reserves are projected to decrease from two thousand 908 billion dollars at the beginning of 20 21 to one point three trillion dollars at the end of 20 30. And what i'll point out to you in a little bit is that even the concept of reserves is all fake, because there's no assets here. This is all made up reserves. But it is a statistical accounting trick that is itself falling short. Let's go on long range results from20 21 to 20 95. For the third year in a row